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Shares of General Motors increased by nearly 5% Tuesday morning following the announcement of better-than-expected first-quarter earnings. The automotive company also raised its full-year predictions and reported a reduction in the cost of batteries for its electric vehicles. The company announced that its earnings per share for the first quarter increased by 18.5% to $2.62, while its revenue grew nearly 8% to $43.01 billion. Analysts had predicted earnings of $2.13 per share with sales...
Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market, but shares rallied as CEO Elon Musk pledged to accelerate plans for a more affordable EV.Tesla reported profits of $1.1 billion, down 55 percent from the year-ago quarter on revenues of $21.3 billion, down nine percent as the company described EV sales as "under pressure."But shares rocketed up more than 11 percent in after-hours trading after Tesla pledged to "accelerate" new more...
Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting. But shares of Elon Musk's EV company rallied after Tesla signaled pledged to "accelerate" new more affordable autos -- something Wall Street analysts have been clamoring
New research from Legal & General has revealed many Brits are still prioritising family holidays, despite rising costs and financial pressure amidst the cost-of-living crisis. The research found that 46% of Brits think it is important to go on multigenerational holidays, which include both their immediate and extended family members. It also found the majority (54%) said they will be planning to go on a holiday this year. While the research shows many people are still prioritising holidays,...
Shares of Truth Social parent company have fallen 60% since March market debut as ex-president under financial pressureShares of the former president Donald Trump’s social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.The filing showed a potential sale of 146.1m shares in Trump Media & Technology Group, including 114.8m shares owned by Trump himself. Documents...
Discussions continue about investment plans for city of Springfield neighborhoods. The South End was the topic of conversation Thursday night.
President Joe Biden has given his blessing to a new national security supplemental aid package. “I strongly support this package to get critical support to Israel and Ukraine, provide desperately needed humanitarian aid to Palestinians in Gaza, and bolster security and stability in the Indo-Pacific,” the president said Wednesday in a prepared statement. “Israel is […]
Speaker rejects pressure to approve package sent over by Senate, leaving its path to passage deeply uncertainMike Johnson, the US House speaker, has unveiled a complicated proposal for passing wartime aid for Israel, Ukraine and Taiwan, rejecting pressure to approve a package sent over by the Senate and leaving its path to passage deeply uncertain.The Republican speaker huddled with fellow GOP lawmakers on Monday evening to lay out his strategy to gain House approval for the funding package....
The ongoing challenges for department stores keep playing into the hands of off-price competitors like TJX — even if its stock hasn't keep pace.
Massachusetts drivers are expressing concerns about the recent dramatic increase in gas prices in the past couple of weeks.